Posts Tagged ‘homebuilding’

Property buyers go to year-round destinations

June 26th, 2008

Countries which attract holidaymakers all year round could be good places for overseas property investors to consider.

According to Holiday-Rentals, Spain is currently one of the most popular destinations among its clients.

This was said to be because the European country is consistently popular with tourists for 12 months of the year, which means it has strong rental potential.

Sarah Chambers, spokesperson for Holiday-Rentals, commented: “60 per cent of our clients own one or two foreign homes.

“They almost always rent them out for the whole year.”

Speaking to the Telegraph, she added that investors need to make clear that there are year-round attractions near their property when advertising it to potential tenants.

This comes after Holiday-Rentals revealed that 31 per cent of British-owned foreign properties in Europe are located in Spain.

The organisation said this is partially due to the number of cheap flights servicing areas such as the Costas.

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Costa del Sol recommended to property buyers

April 15th, 2008

Overseas property buyers have been advised to consider purchasing a residence in the Costa del Sol.

Sean Collins, managing director of Pure International, stated that growing competition from emerging markets have made some people turn their backs on Spain.

Speaking to the Telegraph, he said this has resulted in lots of people missing out on potential opportunities within the country.

Mr Collins praised the “great value” of some properties in areas such as the Costa del Sol, as well as the fact that it is a safe place in which to invest.

This, he said, gives it a distinct edge over less-established locations such as those in eastern Europe.

He commented: “Values in emerging markets have accelerated at such a pace that there’s no real reward compared with the risk.”

Mr Collins added that whereas some emerging markets lack modern infrastructure and direct flights, the Costa del Sol has “excellent” facilities and is easy to reach.

The Telegraph recently described the Costa del Sol as a “hugely popular location” for British property buyers.
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Property buyers vote for Spain

January 21st, 2008

Spain took the number one spot in a recent survey of UK property buyers’ favourite destinations, it has emerged.

A survey conducted by A Place in the Sun magazine saw Spain receive the accolade of most popular location for the second year running, beating France into second place, Kyero reports.

Editor of the magazine Richard Wray said that the survey - carried out at the A Place in the Sun Live exhibition in Birmingham’s NEC - demonstrated how British property buyers continue to be “traditional” in terms of their expectations of the foreign market.
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“When looking for a second home or a new life in the sun, it seems that Spain’s mix of great weather, rich culture and beautiful coastline is keeping the country at the number one spot,” he commented.

The exhibition, which is linked to the popular Channel 4 programme presented by Amanda Lamb, will next appear in Manchester from February 29th until March 2nd.
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Spain “still number one” for UK property buyers

January 18th, 2008

There are ten reasons why Spain is still the world’s top destination for British holidaymakers, expatriates and second home buyers, a foreign property website has stated.

According to Homes Worldwide, the affordable cost of living, convenient access from UK airports and perks of property ownership are all major attractions for Brits - new homes often come with a ten-year guarantee against defects, while holiday home owners can take advantage of a “robust” rental market.

In addition, good employment prospects, political stability, excellent schools and a reliable healthcare system make life in Spain appealing and potentially long-lasting - the average lifespan of people residing in the country is one of the longest in Europe.

This is partly a result of the healthy traditional Spanish diet - food is another reason for the nation’s enduring popularity among British people and there are many fine restaurants in which to sample the gastronomic Iberian culture.

Finally, the friendly nature of the Spanish people and year-round warm climate, particularly in the southern regions, also ensure that people continue to leave the UK and start a new life in Spain, Homes Worldwide states.

A recent report from industry association Exceltur predicted that the Spanish tourism industry will grow by 1.8 per cent this year.
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New house-building plan revealed for Valencia

January 2nd, 2008

The exciting development of the Valencia region is set to continue unabated, with the local government unveiling a new homebuilding initiative for the area.
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Regional planning and environment chief Jose Ramon Garcia Anton has revealed plans to build new subsidised properties in the area, which will be available at below-market prices for lower earners.

According to Costa Blanca News, the official has received the backing of nine councils in the region to free up 2.2 million square metres of land for construction. About 14,300 ‘public protected’ homes are expected to be built in this area.

In addition, Garcia Anton told a meeting in Alicante province this week that a new study of the demand for subsidised housing in Alicante, Castellon and Valencia will be completed in January.

He said: “This will allow us to know the housing necessities and the exact situation of offer and demand for each municipality.

“In this way, the town halls and the regional government can accurately allocate land for building to satisfy the demand which exists.”

With the region already boasting a large expat community and much top-end property, the new housing would help to strengthen the infrastructure of the Valencia region.

A new inland road route for the Costa Blanca, which would take the strain off coastal highways, was recently proposed by the regional government in Callosa.
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